Microsoft announced this morning that it will cut its workforce by up to 18,000 jobs in the next year.

A letter to employees from CEO Satya Nadella, released by the company, said that its "work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers. We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months."